JM Financial maintains Buy on ICICI Bank, raises target price to Rs 1,650 Jobbery Stock Market update New

JM Financial maintains a Buy call on ICICI Bank, revising the target price to Rs 1650. The bank reported strong Q4 results with a consolidated total income of Rs 79747.77 crore and improved asset quality. Despite near-term margin compression, ICICI Bank is expected to achieve robust growth, driven by proactive underwriting and careful monitoring of unsecured segments.